Skip to main content
Fiscal risks analysis, ALC monitoring and policy options with inclusive growth
This Technical Cooperation (TC) project aims to evaluate and improve existing tools for macro-fiscal risk analysis in Latin American and Caribbean countries. Additionally, to integrate these tools with fiscal discipline frameworks, such as fiscal rules and councils, and with energy transition strategies to strengthen institutions to contribute to mitigating existing macroeconomic risks and promoting fiscal sustainability. In the aftermath of the COVID-19 crisis, the region's fiscal position deteriorated significantly, four countries defaulted, and most had to abandon the fiscal sustainability paths they were on before the pandemic. In this context, the TC proposes to improve early warning tools so that governments can promptly mitigate the different sources of risk and respond with appropriate policies that will allow them to return to their fiscal consolidation processes. The specific objectives of the TC are: (i) to develop analytical tools for identifying the main macro-fiscal variables that may affect the fiscal sustainability of countries. (ii) To improve the early warning model with accurate information and integrate institutional and climate change indicators that will allow countries to assess current macro-fiscal risks thoroughly. (iii) To promote regional dialogue among countries to share lessons learned and promote best practices in identifying and mitigating risks to fiscal sustainability.

Project Detail

Country

Regional

Project Number

RG-T4055

Approval Date

November 21, 2022

Project Status

Implementation

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 350,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 350,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-19672-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-19672-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-18
TC Document - Disclosure_92354.pdf
Published Nov. 28, 2022
Download
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-16
Terms of Reference_16804.pdf
Published Nov. 28, 2022
Download
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-17
Procurement Plan_57526.pdf
Published Nov. 28, 2022
Download
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-15
Results Matrix_33558.pdf
Published Nov. 28, 2022
Download
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-2
RG-T4055.pdf
Published Sep. 07, 2022
Download

Have an Environmental or Social issue related to IDB projects? File a Complaint

Blogs
Published 2024
Primer Año de FISLAC: Transformando la Sostenibilidad Fiscal en América Latina y el Caribe
La herramienta FISLAC brinda análisis en tiempo real de riesgos macro-fiscales, promoviendo la sostenibilidad fiscal y contribuyendo al crecimiento económico para mejorar la calidad de vida de la población.
Courses
Published 2024
Introducción a la gestión fiscal para la acción climática
Este curso expone las razones por las cuales los ministerios de finanzas son actores estratégicos para enfrentar la crisis climática en América Latina y el Caribe. Gracias a la revisión de materiales y la realización de actividades usted aprenderá sobre la ciencia y economía del cambio climático, los riesgos fiscales de los eventos climáticos y de la transición y el rol que los ministerios de finanzas pueden cumplir integrando la acción climática en la política y la gestión fiscales.
Blogs
Published 2023
Fiscal Rules for Commodity-Dependent Economies
In recent decades, numerous governments in Latin America and the Caribbean have adopted fiscal rules, which try to enforce fiscal discipline on governments and stop them from pro-cyclical spending, which involves spending too much when times are good and taking the ax to spending when times are bad. Pro-cyclical policies have been a historical trend
Blogs
Published 2023
¿Cómo incorporar la perspectiva plurianual a la política fiscal a través de los marcos de mediano plazo?
En este blog explicamos cómo funcionan los Marcos de Mediano Plazo (MMP), sus principales ventajas y cuáles son las mejores prácticas a la luz de la experiencia internacional.
Blogs
Published 2023
Fiscal Rules for a Debt-Plagued Region
With a long history of recurrent and costly debt crises, Latin American governments have long sought to find a way to curb the fiscal deficits that stoke the debt problem. Those efforts gathered steam over the course of the 2000s when numerous governments in the region began adopting fiscal rules, which seek to curb politicians’
Blogs
Published 2023
Preparing the Macroeconomic Terrain for Renewed Growth
Since 2020, the economies of the world have been hit by a series of severe shocks, most dramatically the COVID-19 pandemic and the Russian invasion of Ukraine. As a result, after growing around 3.9% last year, Latin America and the Caribbean region now faces considerably lower growth projections for 2023, with private forecasters predicting growth
Blogs
Published 2024
¿Cómo crecerán las ciudades de América Latina y el Caribe?
Las ciudades son los motores del desarrollo económico y social; hogar para la mayoría de la población, y sede de gran parte de su producción económica, activos culturales, y e instituciones. Por eso, el futuro de las ciudades es determinante para el futuro de nuestro planeta. En otras palabras, cuidar, adaptar, administrar y planificar correctamente
Courses
Published 2024
Risk Management in Development Projects
Project teams usually spend a large portion of their time solving problems instead of preventing them. Project risk management seeks to preemptively manage positive and negative events that may affect a project so as to improve its chance of success. What will you be able to do by the end of the course? - Identify risks in scenarios of uncertainty; - Determine who can help you; understand how to manage risks in settings with limited resources; - Develop risk response strategies; monitor and update risks throughout the life of the project.
Courses
Published 2024
Gestión de riesgos en proyectos de desarrollo
Aprende a gestionar anticipadamente los eventos positivos y negativos que pueden afectar la ejecución de un proyecto de desarrollo. Es usual ver equipos de proyectos invirtiendo gran parte de su tiempo en resolver problemas en lugar de prevenirlos. La gestión de riesgos de proyectos busca gestionar anticipadamente los eventos positivos y negativos que pueden afectar a un proyecto con el fin de incrementar su probabilidad de éxito. ¿Qué podrás hacer al final de este curso? Identificar riesgos en escenarios de incertidumbre Determinar quién puede apoyarte Entender cómo gestionar riesgos en entornos de recursos limitados Establecer estrategias para responder a los riesgos Monitorear y actualizar los riesgos a lo largo de la vida del proyecto
Blogs
Published 2023
Seis oportunidades para promover la resiliencia y descarbonización a través de la política fiscal
La política fiscal es una herramienta poderosa para poder responder a estos desafíos. Las políticas de gasto, impuestos, inversión pública, endeudamiento y financiamiento pueden contribuir, en su conjunto, a transformar el comportamiento de los distintos actores económicos. Estas políticas también son capaces de brindar mayor resiliencia a la economía y atender los impactos distributivos de la transición, resguardando la sostenibilidad de las finanzas públicas y evitando el surgimiento de activos varados.
Powered by FindIT
Jump back to top